Italy: the City of Genoa agrees sale of the Stadio Luigi Ferraris, Genoa and Sampdoria candidates

The City Council of Genoa (Liguria, ITA) has approved the sale of 34 of its properties, including the Stadio Luigi Ferraris (36,700 capacity) the home of Genoa Cricket and Football Club and Unione Calcio Sampdoria (Serie A TIM), according to Italian media on 27/02/2018.

Genoa CFC and UC Sampdoria benefit from a grant from the City of Genoa to occupy the Stadio Luigi Ferraris, and have managed it since 26/07/2016, via the company Luigi Ferraris Srl, of which the two clubs are co-shareholders with 50% each.

The two clubs have already announced their support for the joint purchase of the stadium for a price between €6m and €7m. A study carried out by the City of Genoa to determine the value of the stadium is underway. The sale price could reach €10m, with the finalisation of the transaction to take place before the end of 2018, according to Italian media. The estimated necessary renovation costs of the stadium are estimated to be at least €30m.

• The City Council of Genoa voted (25 votes for, 15 against…